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20130118
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Search Results 0 to 23 of about 24 (some duplicates have been removed)
boehner, they have a plan when it comes to the debt ceiling. they will pass a debt ceiling, the gop will pass a debt ceiling extension for the next several months, in exchange for something to happen in the senate. what they want to have happen in the senate is the senate to pass a budget. as you might know as well, the senate has not passed a budget in several years time. so that is what that, this is negotiating point. the house says they will go ahead and do this. they will extend our debt limit, our credit limit, if you will in exchange for seeing a budget passed in the senate. now it is worth noting as you might know, charles krauthamer comes out with an editorial every week in the "washington post" and he actually wrote about this idea today in his editorial saying almost exactly the same thing. i'm going to read this part to you. the more prudent course, he is talking about the debt ceiling debate, would be to find an offer that can not be refused of the short-term tradeoff utterly unasailable and straightforward. for example, charles krauthamer writes, say, extend the debt c
majority leader harry reid says if the house pass a clean debt ceiling incress, the senate will be happy to consider it. jay carney at the white house called for passing a clean debt limit deal without delay. leading republicans are saying without a budget that includes a real plan to reduce the deficit, the nation faces the threat of a credit downgrade. bret? >> bret: mike, thank you. sticking with the tet and deficit issues, lawmakers on both sides of the aisle are talking about what to do in a worse case scenario. the government not having enough money to pay its bills. chief political correspondent carl cameron reports on a possible short-term solution that is getting a long look by some people. >> with the white house refusing to negotiate spending cuts and the democrat controlled senate unlikely to pass a budget as part of a long-term deal to raise the tet ceiling, pat toomey of pennsylvania is reintroducing legislation he says will avert the u.s. from defaulting on the debt. >> we must prioritize three categories of payments. one would be debt service, interest on the debt so we w
a budget. in a statement, they say, if the house can pass a clean debt ceiling increase to avoid default and allow the united states to meet its existing obligations, we will be happy to consider it. so that is the plan right now for republicans. get this debt ceiling debate out of the way for the next three months. focus on government spending, those automatic government spending cuts that are supposed to hit at end of the february known as sequester. all of that starts the spending fight now, republicans say. move onto the debt ceiling to give at least a little bit more certainty or calm economic panic for the next few months, with this debt ceiling fight. and try to extract more spending cuts out of democrats over the next few months. but again it has become clear through this strategy, appears we're going to have these spending and budgeting fight pretty much every few months in washington, as no long-term strategy is yet to emerge. back to you. ashley: you're thrilled by that, rich edson, thanks so much. tracy: poor guy. all right, let's talk more about that. house republicans layin
economy hostage. if the house can pass a clean debt ceiling increase and meeting the existing obligations we will be happy to consider it. here we are as i said three days before inauguration and it looks like another fight that the republicans are not prepared to it seems to follow through on despite the threats. >> zachary and i were having a conversation in the green room and i said i don't understand the meaning of a second inauguration for the president. i get it now. the reason we need another inauguration is apparently one party doesn't understand we had an election in november and they lost. which means that you move on and you let the president be the president of the united states. these guys still want to fight the old battles of 2012. >> but they're giving this extension now. >> a three-month extension. the white house should tell them to go shove it. you can't run a government three months at a time. you have to have a long-term planning. bad for the markets. bad for the country. bad for the economy. let's make clear, definitive decisions. you lost. let's come together and co
-- >> in the liberal, democratic primaries in 2016. >> let's talk about the debt ceiling, maybe doing something on monday, to cutting off paychecks. >> will there be movement next week? >> they can do it. republican leaders are saying let's not have a fight with the president over it. the politics are terrible, so what they want to do is say, look, we'll give a debt ceiling increase, but what you have to do in the signal is pass a budget. that's the current thinking right now. that gives them more leavage. >> i guess you guys will talk about the second term? >> we have senator schumer, senator cruz from texas, so we'll talk about guns, the debt, and great roundtable, too. and where there's some real challenges and opportunities there as well. you appeared in it. >> i don't want to commen about any of that. it has nothing to do with me. the nra does what it does. the ad is factually incorrect. i think, you know. this is not about me. i ask tough questions on both sides on my program. people sometimes want to make me a political target, which i shouldn't be. in this particular case, they're takin
at that point we'll deal with the debt ceiling. so it was a way to put some pressure on mitch mcconnell. but mitch mcconnell seems to think that okay we'll pass a budget in the senate and then use that as possible leverage with the republicans in the house who might hold up the debt ceiling. >> michael: that makes perfect sense that that is what they are trying to do it is really just passing the buck. the white house held a firm line on saying we're not going to negotiate at all on this debt ceiling, and it worked. do you think this is a lesson that may carry for four years, when they see themselves posturing this way rather than what they have done on other issues? do you think this might be contagious within the white house? >> remember bill clinton and what the definition of is, is. with barack obama it's sort of what the definition of negotiation is. they will deal with the debt ceiling, and that's when you will have very active negotiations over the budget. what the house has effectively done is put this on a similar path, a similar timetable as the
month debt ceiling increase and debt ceiling increase is contingent on the house and senate passing a budget. the senate hasn't actually passed a budget in years. the bill also withholds congressional pay without congress passing a budget. the one problem with this for a number of republicans, there really are no other spending cuts in this. remember the boehner rule dubbed the boehner rule says any increase in the debt ceiling must correspond to equal amounts in spending cuts. >> not quite the same reaction from house minority leader nancy pelosi saying: >> so the republicans are taking the debt ceiling debate moving it off a few months perhaps take place in april or may so they can focus on the automatic spending cuts set to hit the budget at the end of february those are known as sequester and also government discretionary spending authority that runs out in march. plenty of budget fights and it looks like we will be having them just about every couple of months all the way through the spring. david: as long as you are in williams burg virginia what do you care? it is a lovely pl
. for years they have failed to pass a budget, and so the debt ceiling would not increase unless the senate and house passed a budget. also, the bill would include language that if congress does not pass the budget, members, greshamission members were not a paycheck. if not, congress does not get paid. thank you. cheryl: thank you very much. over to you for breaking news. dennis: dow jones report in the u.s. negotiate hostage swaps with terrace. cbs is reporting one american hostage is dead, four others have survived in the algeria crisis over there. cheryl: every 15 minutes, of course stocks now and nicole petallides standing by at the new york stock exchange. i was watching the breaking news came, but not a big reaction from traders. why? nicole: they watch every headline, you're not really seeing a reaction from that particular headline. some of the names i pulled up, these are today's movers, caterpillar, dupont, mcdonald's, verizon, some of your best performers in the dow jones industrials of course general electric has been a good one helping things along. i also wanted to look at som
that are going to allow for continuing operations of the federal government. the debt ceiling and sequestration for the debt ceiling, congressionally established limit on the amount of the public debt reached in the final days of 2012, and through emergency borrowing measures the treasury was able to continue funding the federal government. these issues should be revisited again probably in the next week. it's been quiet in dc this week. the sequestration act will allow federal obligations possibly is in this mid-february. the sequestration that was supposed to take effect on january 1 prevented cats to all discretionary funding programs. the highway trust fund that primarily funds the highway and transit account is protected, would not have been subjected to the sequestration got. the new starts funding programs, new source of funding for the central suburb project, we are keeping a close eye on that because there is a potential cut to the program. we are also keeping an i on the continuing resolution for the federal appropriations level. in october. in october 1, there was a six-m
republicans say they are prepared to raise the roof on the debt ceiling for another three months, a bit of a breather. in return they want guarantees from democrats that congress will work quickly to pass a budget so it can focus how to bring down the nation's debt. >>> security will certainly be tight near the capitol for the upcoming inauguration and the coastguard will keep a close eye on the rivers through the city. increased security is in place on the potomac between the key bridge and reagan national airport already. on the anacostia patrols will extend from the 14th street bridge to the 295 bridge, but from sunday through tuesday water traffic along those waterways will be closed entirely for 48 hours. >>> while the president's been working on his speech his staff has had to respond to a petition signed by 34,000 people demanding that the government build a death star, that is, death star as in the ds1 orbital battle station, you know, the one from star wars. maybe that's why the white house is changing the rules for those online petitions and bruce leshan is here to tell us all
, the leadership at least says what they are going to try to pass next week would raise the debt ceiling for three months but with a condition. and that would be that the house and senate pass budgets. it may seem simple but house republicans like to point out that they haven't passed a budget in years. we already saw a carefully worded statement welcoming the gop move but also making clear he doesn't want conditions on it. sources say they are not really sure how it's going to play out but so farther playing along. the white house is softening its hard line, too. jay carney said that he is, quote, encouraged. >> let's see how encouraging it all becomes. thanks so much for that, dana. >>> as a tense hostage situation unfolds in algeria, serious questions about how or whether to negotiate with terrorists continuing right now. we're going to get some insight and analysis. plus, seven cities, four states, 100 federal offices and cnn is there as an alleged sex slave network is busted. our exclusive report. that's next. [ ryon ] eating shrimp at red lobster is a fantastic experience. 30 shrimp for $11.
that are very real and very powerful coming up. obama has tried to demonize the debt ceiling. okay. set it back with a condition. okay democrats in the senate. you have not passed a budget in three years. the reason why the democrats have control of the senate is that harry reid has said democratic senators in the witness protection program with ever -- whenever budget issues come up. twenty democrats are up for election in 2014. half of them should not be coming back of the continue to vote with obama on tax and spend crazy debt policies which is what they have been doing. i think it is very important for the american people to see what the senate has not done and to force them to act but that. gerri: you sure can't act -- argue with that. the senate has not passed a budget and 1,361 days. let me get a comment. it would stop pay to members of congress if they don't do some of these things, if they don't get a budget resolution. you in favor of that? >> i think it's a good idea for two reasons. senators have not been doing democratic leaders have not been doing their job for a long time. they s
the debt ceiling for three months until april 15. but there's a catch: they say within that time the senate and the house must pass budgets outlining their spending priorities for the year. now, that may not sound very difficult, but as republicans like to point out, senate democrats haven't passed a budget since 2009 and republicans say if they don't do so by april 15 then all members of congress should stop getting paid. >> pelley: but, nancy, why would the republicans abandon their demand for dollar-for-dollar spending cuts in exchange for raising the limit? >> well, in part they were worried about getting the blame if there was a default. this way they shift the burden to senate democrats to come up with a budget and they can still call for more spending cuts in three months when this comes up again. in the meantime, everyone gets a bit of breathing room which is why the white house may not have shot down the plan today-- even though they, of course, prefer a long-term extension of the debt ceiling, not just three months. >> pelley: nancy, thanks. president obama is about to begin his s
who says maybe what we should do is increase the debt ceiling for the short-term? >> no, actually, i think that's a bad approach. because we just lurch from crisis to crisis. the paul ryan budget that the house passed with basically every single republican except for, i think, two, that would require in its own terms an increase in the debt ceiling of $1.5 trillion in two years. the budget they voted for requires the debt ceiling to be raised. and now when the time comes to avoid default, they don't want to do it. but i think what you're seeing is speaker boehner knows this isn't a viable tactic. i think mr. ryan knows it's not a viable tactic. but there's a lot in the republican conference that continue to see this doomsday kind of approach as a viable approach. and i think that cooler heads are starting to prevail on the republican side. and that's a good thing. >> and you are part of this no labels coalition wanting to reach across the aisle. but let me read to you what david brooks wrote. polarization is too deep, special interests are too strong. the negotiators are too rusty. r
in this coming fight over the debt ceiling. in a big shift today, house republicans said they will vote to lift the limit for three months, but on the condition that the senate passes a budget. wall street liked this idea. the dow finished up almost 54 points to hit its highest closing level since december 10th of '07. nasdaq finished with a small loss. s&p 500 was up 5 points. also at five-year highs. >>> in washington tonight, it's starting to feel like a city that's about to host an inauguration. for the 57th time in the history of our republic, and host hundreds of thousands of people on a cold monday in january. our white house correspondent, peter alexander, is in lafayette park across from the white house, in front of the reviewing constant tonight. peter, good evening. >> reporter: brian, good evening to you. those are the best seats in the house, for a variety of reasons, including the fact they have heat. that's where the president and the first family will be watching monday's parade. the second obama inaugural is expected to draw roughly a third of the nearly 2 million people who ca
without being paid. the government could reach the current debt ceiling by mid-february. ray nagin, the mayor of new orleans during hurricane katrina, has been indicted on charges for corruption. a federal grand jury accused him today of bribery, wire fraud, and money laundering while in office. nagin was the city's mayor from 2002 until 2010. two former new orleans officials and two businessmen have already pleaded guilty in the case. u.s. attorney general eric holder today defended president obama's moves to curb gun violence. the president signed 23 executive orders this week, calling for such things as more research into gun violence. today, in washington, holder told the u.s. conference of mayors that there's no question the orders are legal. >> now let me be very clear. let me be very clear. not one of these executive orders contrary to what a few have said impinges upon anyone's second amendment rights or are inconsistent with the historical use of executive power. >> sreenivasan: some republicans have charged the president's executive action improperly bypassed congress. an
on the debt ceiling: a three month increase in the federal borrowing limit. it's expected to come to the house floor next week, but it comes with strings attached. the proposal includes a condition that house and senate lawmakers pass a budget blueprint for the coming year or go without pay. house majority leader eric cantor said it's simple.congss congress shouldn't be paid for failing to do its job. 't >> tom: next week 80 companies are scheduled to turn in their latest quarterly financial report cards. but rather than the short-term focus on the bottom line, our next guest thinks businesses need to consider all stakeholders, not just shareholders. john mackey is the co-founder and co-c.e.o. of whole foods market. he's author of "conscious capitalism: liberating the heroic spirit of business". john, why is concentrating on shareholders a myth as you call it? >> i don't know if concentrating on shareholders is a myth. i mean, most companies do concentrate on their shareholders. it's just not the best business strategy. because you have an interdependent stakeholder system where you need to cr
's not going to discuss it, period. >> he didn't say -- he said he didn't want to discuss the debt ceiling. he said he wanted to discuss what it would take to avoid sequesteration. >> [inaudible] louder, please. >> i wanted to change the subject to gun control. you were here when the assault weapons ban passed in 1994, and i'm curious with this deep divide between republicans and democrats that you've observed, do you think that that is a possibility, and any commonground with the legislation that you think might be able to get through? >> you know, i think it's realistic. you know, i think the ground is shifting. i think the ground shifted when it came to how we deal with the deficit in this country. i think when senator mcconnell said the electorat essentially voted for the status quo, he was wrong. i think that the reelection of the president shifted the ground when it came to how we proceed with economic growth, how we address the role of the middle class, how we address programs relating to those that are trying to climb up the ladder to the middle class. i also think that the ground shif
Search Results 0 to 23 of about 24 (some duplicates have been removed)